Oil prices are heads up but never comes down

Like many optimists out is the market, they believe that the now surging oil prices will eventually adjust to its reasonable price at $60-$70 a barrel. However, I hope we better have a good backup plan because I am sure if the adjustment do happen, it will be a mirage adjustment before a higher surge in gas prices. Gas is a limited resources that we have been depending on for decades and it has allow us human beings to live our daily lives to the fullest. However, unlike the many claims that we have billions of barrels of gasoline lying under the earth's crust/ seabed waiting for oil companies to to explore, we are definitely heading towards an energy disaster. Like for example, in the 1970's, we have this great oil crisis in the U.S and after the great Iraqi war, we were able to get ample supply of gas to fund our luxury life. In the new century, we were thrown into the same situation before the U.S step into the middle east to establish "new democracy". I will like to take this opportunity to encourage big oil companies to put more of their budgets into developing new sources of energy because if they are able to develop a new source of energy that the world community will accept, they will not only control now, they will be able to expand their wealth in a great way in the future!!